Moroccan Bank Fraud Trial: Employees Accused of $84,000 Embezzlement Scheme in Fez

The trial began this Tuesday, April 16, 2024 in a courtroom of the court of first instance in Fez. Two bank employees, two individuals domiciled in Casablanca, as well as another accused placed in provisional release, are summoned to appear before the judge, reports the daily Al Ahdath Al Maghribia.

The charges can be summarized as: "breach of trust," "embezzlement of public and private funds," "forgery of official documents" and "intrusion into the computer system of a bank to manipulate and modify data."

The arrest by the judicial police of the Fez police prefecture of the bank executive, the main accused in this case, took place on Saturday, April 6, in the Tghate district, on the basis of an arrest warrant issued by the prosecutor of the king near the court of first instance of the city. Investigators arrested three other individuals involved in the case in Casablanca. They are continuing their investigations in order to neutralize all the people connected with this case.

It all started with a report drawn up by an inspection team from the banking group’s management, regarding the embezzlement of a sum of 841,000 dirhams. According to this report, the main accused in this case was buying cryptocurrencies from people with accounts opened on cryptocurrency exchange platforms.